The concept of a U.S. sovereign wealth fund has gained traction recently, as both former President Trump and the Biden-Harris administration suggest its potential benefits.
A sovereign wealth fund could become a means of investing surplus budget funds into national priorities, echoing successful models seen in Asia and the Middle East.
However, establishing such a fund raises questions around congressional approval and funding sources, particularly given America's ongoing budget deficits.
The administration's interest in a sovereign wealth fund centers on investments in supply chain resilience, technological dominance, and energy security, which align with national interests.
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